K. ARAVIND
Among the personal insurance products, life insurance and health insurance are the most popular. But the choice of insurance products is very diverse. There are insurance policies that cover loss of money and accidents due to adventure travel.
Those who make occasional payments need to consider taking out money insurance. Money insurance can help you get coverage if you lose your cash. At the same time do not assume that this policy will provide protection in case of loss of money under any circumstances. Money insurance coverage is not available if you lose money due to natural disasters such as floods, hurricanes or hurricanes.
However, natural disasters are covered by home insurance. If you lose money due to damage to the house, there will be coverage if you have home insurance. Money insurance coverage is not available if you lose money due to riots, unauthorised handling or theft from an unsafe vehicle.
Those who are involved in adventure sports such as trekking can take out a truck cover policy. For example, the trek cover policy provided by Bajaj Finserv covers up to Rs.1.5 lakh. The term of this policy, which comes with a premium of Rs 699, is 10 days. In case of loss of money due to accident, transport and accommodation will be provided up to Rs.1 lakh. Bank accounts, debit and credit cards can be blocked by a phone call. Personal Accident and Sudden Hospitalisation are also covered. There is also coverage for damage caused by hotel bookings being disrupted, travel being canceled or luggage being lost. If the smartphone is lost, a new phone will be available for use until the trip is over and you return.
Those who keep pets at home can take out pet insurance. New India Assurance’s pet insurance covers dogs between the ages of eight weeks and eight years. The premium is 5% of the sum insured. Oriental Insurance Company also offers pet insurance. Pet insurance can be taken for animals such as ducks, elephants, rabbits and fish.
Event Insurance is a means of covering losses incurred in the event of interruption of wedding ceremonies and birthday celebrations for any reason. If the event is cancelled due to adverse weather conditions, riots, or pollution, event insurance can be taken out to avoid financial loss. Companies such as ICICI Lombard General Insurance, Future Generali General Insurance and Bajaj Finserve have launched event insurance policies.
